The Top Easy Access Savings Discussion Area

Rheumatoid

Malchester said:

Just a reminder that Swansea Building Society have an instant access account paying 3.25%. However it is only available to those of us who have the great privilege of living here in Wales.  Also instant access ISA paying the same rate but again only for those of us who are enjoying living in the wonderful country that is Wales 

I'll happily take 1% less not to live anywhere near Swansea  

ZeroSum

jaypers said:

Hahaha…..everyone who has moved their money out of Zopa will be posting on here about moving back and setting up ladders again :-)

Can't be bothered about ladders, but I'll be shifting out of chase & back onto zopa

Futuristic

mikael said:

Futuristic said:

I see a lot of people here who have up to FSCS amount, I tried to search but has anyone applied for this and got it easily? Private Savings Account | Savings | Private Banking | Virgin Money UK

It gives rate based on BoE -0.25%. 

You would need to get the private account which costs £25/mo but with this rate it would be worth it? (https://uk.virginmoney.com/private/)

I have got this account as I expect the BOE will increase rates a bit more and banks now seem to be holding back on increasing savings rates, especially instant access accounts. The £25 monthly fee is partly offset by the inclusive worldwide family travel insurance.

If someone has over 500k the account pays the BOE base rate. I think it is worth it if you have larger sums and want instant access whilst still getting a very competitive rate.

It's quite nice "private bank" offering compared to others but unfortunately I wouldn't trust Virgin Money (aka Clydesdale) with such a large sum. Very few banks I would risk over the FSCS (Chase & HSBC for example). 

Malchester

Rheumatoid said:

Malchester said:

Just a reminder that Swansea Building Society have an instant access account paying 3.25%. However it is only available to those of us who have the great privilege of living here in Wales.  Also instant access ISA paying the same rate but again only for those of us who are enjoying living in the wonderful country that is Wales 

I'll happily take 1% less not to live anywhere near Swansea  

I live nowhere near Swansea. In fact I live in glorious North Wales. And Swansea is beautiful as well!!!

razord

jaypers said:

Hahaha…..everyone who has moved their money out of Zopa will be posting on here about moving back and setting up ladders again :-)

Except not! Looks like today’s update (on iOS at least) has disabled moving money to pots where you’ve given notice. The laddering appears to be over!

AndyTh_2

razord said:

jaypers said:

Hahaha…..everyone who has moved their money out of Zopa will be posting on here about moving back and setting up ladders again :-)

Except not! Looks like today’s update (on iOS at least) has disabled moving money to pots where you’ve given notice. The laddering appears to be over!

That's a shame. Looks to be the same on Android now too.

I guess at least you can still ladder partial access to your money by splitting it over different notice dates. (like e.g. 1/3 of your pot cash available every 32 days on 3 95 day accounts)

I think I'll stick with the 95 days as I can accept that 1/3 as long as Zopa keeps up with rates.

SickGroove

So, I just set up 95 day Zopa pot with £1 to start the laddering process again, and gave immediate notice....so I guess I now can't add anymore money into this pot unless I cancel the notice at some point within the 95 days, add more money but then the 95 day notice restarts from that date? 

Band7

razord said:

jaypers said:

Hahaha…..everyone who has moved their money out of Zopa will be posting on here about moving back and setting up ladders again :-)

Except not! Looks like today’s update (on iOS at least) has disabled moving money to pots where you’ve given notice. The laddering appears to be over!

I am on iOS, and have twice added money since 22:30 last night to a pot which is on notice. Mind you, I had only given notice yesterday, may be it's different if the notice is older?

EDIT: OOOPS. Had an app update pending. Now that it's installed, I can't deposit into the account with notice on. Not directly from my current account, anyway. I am now waiting for some more money to arrive into my primary account, and hope internal xfers will still work.....will report further later. Wish the deposits were instant......

EDIT 2: no internal transfers either any longer. Sigh.

SanguineOnSaturn

can't transfer internally either.

Band7

SanguineOnSaturn said:

can't transfer internally either.

Ah well. Looks we've killed another golden goose